 |
 |
November 15, 2024 |
|
|
|
|
||
| Home > Small Business Lenders by State > Texas Business Loan Sources > Amarillo, Business Loans > Bank Of America Amarillo Business Loans > Insurance Agents And Brokers Loan | ||||
 |
||||
How to Get SBA Loans in Canyon, Texas
|
||||
 |
Where to Get Capital for Insurance Agencies and BrokeragesLooking for small business loans for insurance agencies and brokerages? An SBA loan may be just what you've been looking for. This $55,100 insurance agencies and brokerages loan was issued by a Texas bank. Getting a small business loan in Canyon, Texas was important for this growing firm back in 2000 and, based on their loan application, they were successful in getting an SBA loan from Bank Of America, operating out of Amarillo, Texas. Here are the details on this Texas small business loan. SBA Loan Borrower COMPANY TYPE: INSURANCE AGENTS AND BROKERS SBA Loan Lender BANK OF AMERICA This was a Low Documentation SBA loan. The SBA created this program to reduce the paperwork associated with appliying for an SBA loan . The low-doc program involves completion of only a one-page form for a loan of $50,000 or less. The limits have changed over time. Right now, the maximum small business loan for this SBA program is $100,000. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 6411 - Insurance Agents and Brokers NAICS Code 524210 - Insurance Agencies and Brokerages Loan Approval Date 6/5/2000 Loan Approval Gross Amount $55,100 Loan Approval from the SBA Of the total $55,100 loan amount, the SBA guaranteed $44,080. More Information on This SBA Loan The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 4 employees. The SBA loan application for the borrower did not indicate that the company planned to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan Although it's called an SBA loan, you apply for an SBA loan with a local or national bank, not with the SBA. The bank processes the loan and gives you the money, and the SBA simply guarantees a portion of the loan. Wondering how to raise money quickly? With the SBA's Preferred Lenders Program, LowDoc Program, SBAExpress and CommunityExpress loan programs, an SBA loan can be approved and funded in two days. This company did everything right to get a $55,100 loan. It's not easy, but why not give getting an SBA loan of your own a try? About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: SBA 7A Banks for Amarillo, Texas Loans
|
|
||
|
||||
|
|
||||